Quest Laboratories Limited is a pharmaceutical company manufacturing a range of antibiotics, antimalarials, antispasmodics, anti-inflammatories, antiemetics, respiratory medications, diabetes treatments, antidepressants, and more.
The company operates in the domestic market across twelve (12) states and two (2) union territories. These include Uttar Pradesh, Madhya Pradesh, Maharashtra, Delhi, Jharkhand, Assam, Karnataka, Jammu & Kashmir, Rajasthan, West Bengal, Gujarat, Telangana, Haryana, and Bihar.
The manufacturing unit of the company is located in Dhar, Madhya Pradesh. The company holds WHO Schedule M GMP and GLP certifications, as well as ISO/IEC 17025:2017 and ISO 9001:2015 certifications.
By December 31st, 2023, the company employs 83 individuals to look after various aspects of its manufacturing operations, including production, quality control, technical and engineering support services, inventory management, administration, accounting, and other functions such as storage, packing, and dispatch.
Quest Laboratories IPO – Details
| IPO Opening Date | 15 May 2024 |
| IPO Closing Date | 17 May 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 44,49,600 Shares Worth ₹43.16 Crore Fresh Issue: 44,49,600 Shares Worth ₹43.16 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹93 – ₹97 |
| Market Lot | 1200 Shares |
| Min Order | 1200 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Pvt Ltd |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Quest Laboratories IPO – Date Schedule
| IPO Open Date | 15 May 2024 |
| IPO Close Date | 17 May 2024 |
| Basis of Allotment | 21 May 2024 |
| Initiation of Refund | 22 May 2024 |
| Credit of Shares to Demat Account | 22 May 2024 |
| IPO Listing Date | 23 May 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on May 17, 2024 |
Quest Laboratories IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Retail (Minimum) | 1 | 1200 | ₹1,16,400 |
| Retail (Maximum) | 1 | 1200 | ₹1,16,400 |
| HNI (Minimum) | 2 | 2400 | ₹2,32,800 |
Competitive Strengths
- Multi-product capability.
- Revenue from Government institutions.
- Product Portfolio.
- Research and Development.
- Quality assurance.
- Experienced Promoter and management team.
- Supply Chain Efficiency.
Company Promoters
- Mr. Anil Kumar Sabarwal
- Ms. Tejaswini Sabarwal
Object Of The Issue
- Funding of capital expenditure towards purchase of plant and machinery for expansion at the existing manufacturing facility;
- Funding working capital requirements of the company;
- General corporate purposes;
Company Financial
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 30.43 | 29.64 | 0.65 | 3.04 |
| 31 March 2022 | 59.54 | 53.77 | 4.10 | 3.12 |
| 31 March 2023 | 61.86 | 54.90 | 5.02 | 4.09 |
| 31 December 2023 | 62.17 | 51.03 | 7.74 | 4.60 |
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 34.03% |
| ROCE | 41.86% |
| Debt/Equity | 0.2 |
| RoNW | 34.03% |
| P/BV | 4.59 |
| PAT Margin (%) | 12.48 |
| Pre IPO | Post IPO | |
| EPS (Rs) | 4.21 | 6.31 |
| P/E (x) | 23.03 | 15.38 |
Quest Laboratories IPO Promoter Holding
| Pre Issue Share Holding | 90.36% |
| Post Issue Share Holding | 65.82% |
Quest Laboratories IPO Prospectus
Company Contact Information
| Quest Laboratories Limited Plot No. 45, Sector III Pithampur Industrial Area, Pithampur Dhar – 454775, Phone: 07292292374 Email: investors@questlabltd.com Website: https://www.questlabltd.com/ |
Quest Laboratories IPO Registrar
| Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ipo_status.html |
Quest Laboratories IPO Lead Manager(s)
| 1. Shreni Shares Limited |
Quest Laboratories IPO FAQs
| What is Quest Laboratories IPO? Quest Laboratories IPO is a SME IPO. The issue is priced at ₹93 – ₹97 per equity share. The IPO is to be listed on NSE SME. |
| When Quest Laboratories IPO will open? The IPO is to open on 15 May 2024 for QIB – 50%, NII – 15% and Retails – 35% Investors. |
| How to Quest Laboratories IPO? You can apply for Quest Laboratories IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Quest Laboratories IPO through 5 Paisa? Log in to the 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Quest Laboratories”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open a Demat Account with 5 Paisa. |
| How to Apply the Quest Laboratories IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Quest Laboratories”. Click on the Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Quest Laboratories IPO Size? Quest Laboratories IPO size is ₹43.16 crores. |
| What is Quest Laboratories IPO Price Band? Quest Laboratories IPO Price Band is ₹93 – ₹97. |
| What is Quest Laboratories IPO Minimum and Maximum Lot Size? The minimum bid is 1200 Shares with ₹1,16,400 amount while the maximum bid is 1200 shares with ₹1,16,400. |
| What is the Quest Laboratories IPO Allotment Date? Quest Laboratories IPO allotment date is 21 May 2024. |
| What is the Quest Laboratories IPO Listing Date? Quest Laboratories IPO listing date is 23 May 2024. The IPO is to list on NSE SME. |
